CFPB Finalizes Payday Credit Guideline. On October 5, 2017, the CFPB finalized On October 5, 2017, the CFPB completed the long-awaited rule on payday, vehicle title, and certain high-cost installment loans, commonly referred to as the payday financing guideline. The final guideline areas ability-to-repay criteria on lenders producing secure temporary financial loans and sealed longer-term